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XRP jumps 8% after Ripple’s CEO says SEC has dropped its case against the crypto currency

XRP jumps 8% after Ripple’s CEO says SEC has dropped its case against the crypto currency

  • 20.03.2025 04:54
  • seattletimes.com
  • Keywords: Ripple, XRP

XRP's price surged over 8% after Ripple CEO announced SEC dropped its four-year-old case. The move aligns with Trump's push to ease crypto regulations, a shift from Biden's stricter stance.

Coinbase NewsCOINsentiment_satisfiedHOODsentiment_satisfied

Estimated market influence

Ripple

Positivesentiment_satisfied
Analyst rating: N/A

Ripple's CEO announced that the SEC has dropped its case against them, leading to an increase in XRP price.

Coinbase

Coinbase

Positivesentiment_satisfied
Analyst rating: Buy

Coinbase announced that the SEC had dropped its case against them, which is a positive development for the company.

Robinhood

Robinhood

Positivesentiment_satisfied
Analyst rating: Buy

Robinhood also announced that the SEC had dropped its case against them, indicating a favorable regulatory environment.

Context

Analysis of XRP Price Surge and Market Implications

Market Reaction

  • XRP price jumped by over 8% on March 20, 2025, following the announcement from Ripple CEO Brad Garlinghouse that the SEC had dropped its case against the company.
  • The value of XRP rose to more than $2.50 early Thursday.

Regulatory Shifts

  • The SEC under the Biden administration previously treated cryptocurrencies like securities, subjecting them to stricter regulations.
  • Under Trump's presidency, regulatory easing is underway, with the SEC withdrawing cases against crypto companies like Coinbase, Robinhood, and potentially Binance.
  • Trump signed an executive order creating a U.S. government bitcoin reserve, signaling a shift toward mainstream acceptance of cryptocurrencies.

Competitive Landscape

  • Ripple CEO Garlinghouse, a Trump supporter, expressed interest in expanding the U.S. government crypto reserve to include various digital assets beyond Bitcoin, though this idea faces resistance from Bitcoin purists.
  • The easing of regulations is expected to encourage more cryptocurrency companies to operate freely and innovate.

Strategic Considerations

  • The cryptocurrency industry has heavily invested in political campaigns to influence regulatory outcomes, reflecting its eagerness to cement its role in mainstream finance.
  • The rollback of SEC enforcement actions under Trump may lead to increased competition and market expansion for crypto firms.

Long-Term Implications

  • The U.S. is positioning itself as a global leader in cryptocurrencies, with potential long-term effects on financial systems and digital asset adoption.
    -放松监管可能促进技术创新和市场增长，但也可能增加金融风险。

Regulatory Uncertainty

  • The SEC's decision to pause litigation against Binance and reconsider enforcement actions highlights ongoing regulatory uncertainty in the crypto space.
  • The industry remains closely tied to political developments, particularly under Trump's administration.

This analysis underscores the significant impact of regulatory changes on cryptocurrency markets and the strategic importance of political influence for crypto firms.